NTPC Green Energy Limited — Others, 01-08-2025: Monitoring Agency Report

NTPC Green Energy's Initial Public Offer fund utilization for the quarter ending June 30, 2025, received a clear report from CARE Ratings, confirming no deviation from the IPO objectives. Out of the Rs. 10,000 crore raised, Rs. 6,650 crore has been utilized. This includes Rs. 4,150 crore for repaying subsidiary debt and Rs. 2,455.33 crore for general corporate purposes, notably investing in a joint venture for the Ayana Power acquisition. The remaining Rs. 3,350 crore is securely parked in Fixed Deposits. This update assures investors funds are deployed as planned.